Stock-based Compensation (Tables)

9 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

On May 18, 2017, the Company granted RSUs under the 2018/2019 LTIP with a grant date fair value of $13.41 that vest as follows (amounts in thousands):



	Shares
May 18, 2018	65
May 18, 2019	65
May 18, 2020	67
Total shares granted	197

The following is the vesting schedule of RSUs under each respective LTIP, which vested during the nine-month period ended December 31, 2017 (shares in thousands):



	2017/2018	2016/2017	2015/2016
Time-based award vested	198	186	113
Performance-based award vested	—	173	102

Restricted stock activity, excluding the LTIP activity discussed above, for the nine-month period ended December 31, 2017 is as follows (amounts in thousands except fair value):



	Shares		Weighted- average Fair Value on Grant Date
Non-vested restricted stock at March 31, 2017	1,382		$	4.00
Granted	608		17.56
Vested	(477	)	4.35
Forfeited	(40	)	6.72
Non-vested restricted stock at December 31, 2017	1,473		$	9.49

Schedule of the compensation expense (recovery) associated with stock-based compensation

The compensation expense associated with stock-based compensation for the quarters ended December 31, 2017 and 2016 is recorded on the Condensed Consolidated Statements of Operations as follows (amounts in thousands):



	Quarter Ended December 31, 2017						Quarter Ended December 31, 2016
	Stock Options		Restricted Stock		LTIPs		Stock Options		Restricted Stock		LTIPs
Cost of sales	$	—	$	210	$	192	$	3	$	127	$	178
Selling, general and administrative expenses	—		1,262		490		4		379		402
Research and development	—		12		40		—		5		41
Total	$	—	$	1,484	$	722	$	7	$	511	$	621

The compensation expense associated with stock-based compensation for the nine-month periods ended December 31, 2017 and 2016 is recorded on the Condensed Consolidated Statements of Operations as follows (amounts in thousands):



	Nine-Month Period Ended December 31, 2017						Nine-Month Period Ended December 31, 2016
	Stock Options		Restricted Stock		LTIPs		Stock Options		Restricted Stock		LTIPs
Cost of sales	$	—	$	549	$	505	$	21	$	415	$	557
Selling, general and administrative expenses	—		2,345		1,294		20		1,072		1,232
Research and development	—		31		113		1		15		138
Total	$	—	$	2,925	$	1,912	$	42	$	1,502	$	1,927